NISM Certifications · NISM-Series-V-A: Mutual Fund Distributors · Investor Services
Which of the following is the document sent by a mutual fund to an investor that confirms the units allotted and the balance in a folio after a transaction?
The account statement is the document that confirms units allotted and the folio balance after a transaction. The key information memorandum, scheme information document and addendum are offer-related documents describing the scheme, and they do not record the investor's individual transactions or holdings.
- AAccount statementCorrect
- BKey information memorandum
- COffer document addendum
- DScheme information document
Explanation
After a transaction, the investor receives an account statement showing the units allotted or redeemed and the folio balance. The KIM and SID are offer documents that describe the scheme and are issued before investing. An addendum only updates changes to the offer document.
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